It will be the first change in ownership for the company since Katharine Graham’s father, Eugene Meyer, bought the paper that would one day help bring down a president at an auction in 1933. The Graham family still owns most of the publicly traded but closely held parent company.

Bezos is buying the paper directly. The purchase does not involve Amazon.

The deal includes the Washington Post, as well as the Express newspaper, the Gazette Newspapers, Southern Maryland Newspapers, Fairfax County Times, El Tiempo Latino and Greater Washington Publishing.

The Washington Post Co. (NYSE: WPO) will keep Slate magazine, TheRoot.com and Foreign Policy, as well as its Kaplan for-profit education division and its broadcast and cable operations. The Kaplan division generates most of the company’s revenue.

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